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Renault SA on Wednesday, June 30, made public an ambitious strategy for electric vehicles (EVs), betting on new and affordable versions of its iconic cars from the past to gain headway in the fast-growing sector of the auto industry.
Article by Nolan Barton from Natural News.
“Today is an historic acceleration of Renault Group’s EV strategy,” said Renault CEO Luca de Meo in a statement.
At a live-streamed presentation, Renault offered a fleeting glimpse of its new electric “4ever.” Two sources close to the company said it was a revival of the Renault 4 hatchback, also known as 4L, which went out of production last century.
The electric version of classic Renault 5 compact car will also go on sale in the first half of 2024. According to reports, the electric version of Renault 5 will cost a third less than the company’s compact Zoe EV, which is the biggest-selling battery electric car in its segment in Europe for years.
Renault 5 was launched in 1972 and was sold until the mid-1990s with only one major update. Its prototype was unveiled during the company’s strategy day in January in which de Meo revealed the company’s plan to focus on electrification.
The company plans to launch 10 new EVs by 2025 and to have all-electric vehicles account for up to 90 percent of its models by 2030 – dropping its reliance on hybrids to hit the target under a previous plan. The first of its new EVs will be the MeganE hatchback which is due to go on sale in the first half of 2022.
De Meo mulls Renault’s return to Chinese market
With Renault’s electrification plan beginning to take shape, de Meo is mulling a potential return to the Chinese market. A carmaker that “doesn’t have a presence in China is like a table without a leg,” de Meo said. “It’s the most important market in the world. We need to think about how to get there.”
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While the French company blazed a trail with the best-selling Zoe, it’s at risk of falling behind rivals including Germany’s Volkswagen AG that are fast rolling out a slew of battery-powered models.
Part of Renault’s push into affordable EVs is a pledge to lower battery-pack costs to less than $100 per kilowatt-hour in 2025, and below $80 per kilowatt-hour in 2030.
Those price targets “are in line with other western automakers,” said BloombergNEF analyst James Frith. “They are also within the range that we would expect for volume production of EV batteries.”
De Meo said the purpose-built electric car platforms and a cluster of production sites in northern France would allow Renault to deliver EVs at a lower cost.
He also addressed concerns that dealerships would be threatened by the low maintenance requirements of EVs. According to de Meo, Renault’s electric cars are in fact boosting this revenue stream because EV owners are more likely to seek servicing at an official Renault garage than traditional car owners.
Renault has plan in place for battery supply
Before Wednesday’s presentation, the company mapped out battery supply for its future EVs produced in France.
It said that China’s Envision Group agreed to spend as much as 2 billion euros ($2.4 billion) on a battery factory near Renault’s auto plant in Douai in northern France. Renault also revealed plans to acquire a stake of slightly more than 20 percent in a year-old French startup called Verkor for higher-performance power packs and join a venture called ACC with rival Stellantis NV and TotalEnergies SE.
De Meo said these projects would give Renault enough supply through 2030.
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Renault also plans to bolster battery recycling and make them without cobalt, and work more closely with its Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp. on battery technology and EV platforms. (Related: The big electric vehicle LIE: Electric cars are not “zero emissions,” and their ecological impact is actually dirtier than diesel trucks.)
Its Douai vehicle assembly plant is one of three sites Renault plans to combine and turn into an EV hub called ElectriCity capable of churning out some 400,000 cars a year. With the French state as its most powerful shareholder, Renault has come under political pressure to preserve jobs and keep EV technology in France.
Follow RoboCars.news for more news and information related to electric vehicles.
New Conservative Network Seeks Crowdfunding Help
They say we have to go big or go home. We’re trying to go big and bring the patriotic truth the the nation, but we need help.
Readers may or may not realize that over the past year, we’ve been bringing more conservative news and opinion outlets under our wing. Don’t take our expansion as a sign of riches; all of the “acquisitions” have been through sweat and promises of greater things to come for all involved. As a result, we’ve been able to bring together several independent media sites under a unified vision of preventing America from succumbing to the progressive, “woke,” Neo-Marxist ideologies that are spreading like wildfire across America.
The slow and steady reopening of America is revealing there was a lot more economic hardship brought about from the Covd-19 lockdowns than most realize. While we continue to hope advertising dollars on the sites go up, it’s simply not enough to do things the right way. We are currently experiencing a gap between revenue and expenses that cannot be overcome by click-ads and MyPillow promos alone (promo code “NOQ” by the way).
To overcome our revenue gap and keep these sites running, our needs fluctuate between $3000-$7000 per month. In other words, we’re in the red and hemorrhaging.
The best way you can help us grow and continue to bring the truth to the people is by donating. We appreciate everything, whether a dollar or $10,000. Anything brings us closer to a point of stability when we can hire writers, editors, and support staff to make the America First message louder. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal as well.
As the world spirals towards radical progressivism, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report and the other sites in the network going.
Thank you and God Bless,
Yes, We Need Your Help
I hate being “that guy” who asks people to donate because I think our conservative news network is so crucial, but here I am…
When I left my cushy corporate job in 2017, I did so knowing that my family would have to make sacrifices. But I couldn’t continue to watch the nation slip into oblivion and was inspired by President Trump’s willingness to fight the good fight even at his own personal expense. What I didn’t realize then is that conservative media would be so heavily attacked, canceled, and defunded that the sacrifices would be extreme.
Many in this nation are struggling right now even though we weren’t struggling just a few years ago. I’m not alone. But I wake up every morning and operate the sites we’ve been able to build because there’s really no other choice. I refuse to be beholden to Big Tech like so many other conservative news outlets, which is why you won’t see Google ads here. With that said, it’s often challenging to pay the bills and it’s even harder to expand so we can get the America First message out to a wider audience.
The economic downturn has forced me to make a plea for help. Between cancel culture, lockdowns, and diminishing ad revenue, we need financial assistance in order to continue to spread the truth. We ask all who have the means, please donate through our new GiveSendGo. Your generosity is what keeps these sites running and allows us to expand our reach so the truth can get to the masses. We’ve had great success in growing but we know we can do more with your assistance.
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I would even be willing to entertain investments and partnerships at this stage. I’ve turned them down in the past because editorial purity is extremely important. I’ll turn them down again if anyone wants us to start supporting RINOs or avoid “taboo” topics like voter fraud, vaccines, or transgender supremacy. But I’d talk to fellow America First patriots who want to help any (or all) of our 10 news sites. Hit me up at jdrucker (at) substack (dot) com if you’re interested.
For those who have the means and just want to help keep the mission of spreading a conservative, Christian message to the nation, please consider a generous donation.